Bernard Madoff's former controller expected to plead guilty

Getty ImagesDisgraced financier Bernard Madoff is shown in this 2009 photo entering court in New York City. His guilty plea triggered a cascade of guilty pleas from his former associates. The latest plea is expected to come tomorrow from Irwin Lipkin, his former controller.

Irwin Lipkin, the former controller for Bernard Madoff’s defunct investment firm, is expected to plead guilty to charges of conspiracy and making false statements, the U.S. said.

Lipkin is scheduled to enter a plea at a hearing in Manhattan federal court tomorrow, prosecutors in the office of U.S. Attorney Preet Bharara told a federal judge in a letter.

He will be the ninth former Madoff employee to plead guilty to criminal charges. His lawyer, David Richman, didn’t immediately return a phone call seeking comment on the letter.

In June, Peter Madoff pleaded guilty to enabling his brother to commit the biggest Ponzi scheme in U.S. history. Bernard Madoff, who was arrested in December 2008, pleaded guilty and is serving a 150-year sentence in federal prison in North Carolina.